Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/48433 
Erscheinungsjahr: 
2006
Schriftenreihe/Nr.: 
Working Paper No. 2006-01
Verlag: 
Technische Universität München, Center for Entrepreneurial and Financial Studies (CEFS), München
Zusammenfassung: 
It is well-known from US-related studies that investors systematically overreact to accrual-based accounting information. We address the question to what extent this accrual anomaly is related to different accounting standards. We provide empirical evidence that the accrual anomaly is also present in Germany. However, this anomaly has become particularly important after the year 2000 and cannot be detected for firms presenting their financial statements under German GAAP. It is argued that introducing true and fair view accounting, like IFRS, that relies on difficult-to-verify information, may not be suitable to improve accounting information quality in the context of a weak corporate governance system.
Schlagwörter: 
accrual anomaly
earnings persistency
conservative accounting
true and fair view accounting
accounting standards
accounting regulation
empirical accounting research
German GAAP
IFRS/IAS
US-GAAP
Dokumentart: 
Working Paper

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